Greek Finance Minister Met with IMF Officials; No Talk of Altering Bailout Happened (NBG)
Get Alerts NBG Hot Sheet
Join SI Premium – FREE
Greek Finance Minister Yanis Varoufakis met with senior International Monetary Fund officials last weekend and came away from the talks with a positive feeling.
Reports have Varoufakis meeting with met with Poul Thomsen, who is the IMF's European department chief. The finance minister said, It was a friendly meeting, aimed at the two men getting to know each other given their new responsibilities.
The new Greek government has rejected troika overseeing its finances and was focused on holding bilateral talks with EU partners over its current bailout program.
Amid Varoufakis' upbeat commentary, one IMF official said, There is an agreed framework for dealing with debt in the current program ... There has been no discussion with the authorities on a change in this framework.
The European Central Bank should support our banks so that we can keep ourselves above water by issuing short-term government bonds,
Varoufakis said.
Notably, following a strong 27 percent gain Tuesday, shares of National Bank of Greece (NYSE: NBG) are down just 2 percent today.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- EUR/USD will struggle to sustain a move above 1.07: Analyst
- Equifax (EFX) shares tumble on weak Q1 revenue, guidance miss
- Dollar nears five-month high; sterling slips after wage data
Create E-mail Alert Related Categories
Forex, Insiders' BlogRelated Entities
European Central Bank, BankruptcySign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!